Presenting The Exchange Stabilization Fund In 5 Parts: Is This The Real "Plunge Protection Team"?

When it comes to the fabled President's Working Group on Capital Markets, also known as the Plunge Protection Team, the myths about the subject are certainly far greater than any underlying reality. To be sure, vast amounts of popular folkflore has been expounded into the public arena, with most of it being shot down simply due to it assuming conspiracy theories of such vast scale that the human mind is unable to grasp the complexity, and ultimately the inverse Gordian Knot makes an appearance with the claim that vast conspiracies are largely untenable simply because it is impossible to keep a secret from so many people for so long. Yet what if the secret is not a secret at all but is fully out in the open, and is only a matter of interpretation, and contextualizing? Why just 3 years ago it would appear preposterous to allege the capital markets are a ponzi and that the Fed does everything in its power to keep stocks higher. Well, what a difference three years make: now the Chairman himself in a Washington Post OpEd has admitted that the sole gauge of Fed success is the loftiness of the Russell 2000, neither unemployment nor inflation really matter now that the Fed's third mandate has been fully whipped out. Furthermore, Keynesian economics, and the entire top echelon of the educational system have also been accurately represented as a paradigm which merely perpetuates the status quo as the alternative is the realization that the whole system is a house of cards. As for the global capital markets being nothing short of a ponzi, we merely point you to the general direction of Europe, the ECB and the continent's banks, where the monetary interplay is nothing short of the world's biggest pyramid scheme. Yet the PPT, or whatever it is informally called, does not exist? Consider further that only recently did it become known that the former SecTres Hank Paulson himself was exposed as presenting material non-public information to a bevy of Goldman arb desk diaspora hedge funds, headed by with none other than the head of the President's Working Group on Capital Markets Asset Managers committee David Mindich. So, if contrary to all the evidence that there is some vast underlying pattern, if not a conspiracy per se, one were to take the leap of faith and take the next step, where would one end up? Well, most likely looking at the Exchange Stabilization Fund, or ESF, which Eric deCarbonnel has spent so much time trying to unmask. Is it possible that the ESF, located conveniently at the nexus between US monetary policy, foreign policy and last but not least, a promoter of the interests of the US military-industrial complex, is precisely the organization that so many have been trying to expose for years? Watch and decide for yourself.

As a reminder deCarbonnel is not some tinfoil hat clad sub-basement dweller - it was his input that led us to the realization that in attempting to control the Treasury curve, the Fed will, and already has, experiment with selling puts on various Treasury maturities in an attempt to generate reflexivity whereby the synthetic determines the value of the underlying (something ETFs are now doing so very well), the value naturally always being higher, higher, higher irrelevant of what underlying demand there is (and as we showed last week, with a record amount of international outflows in the past month, the demand, at least from abroad, is just not there). So what does Eric assert?

After months of work, the video series on the Treasury's Exchange Stabilization Fund is finally finished!

Why you should watch these five videos:

It is impossible to understand the world today without knowing what the ESF is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA's black budget, and is the architect of the world's monetary system (IMF, World Bank, etc). ESF financing (through the OSS and then the CIA) built up the worldwide propaganda network which has so badly distorted history today (including erasing awareness of its existence from popular consciousness). It has been directly involved in virtually every major US fraud/scandal since its creation in 1934: the London gold pool, the Kennedy assassinations, Iran-Contra, CIA drug trafficking, HIV, and worse...

So while nursing that New Year's Day hangover, take some time and watch this series of videos. If nothing else, even if they are merely the extended ramblings of some person that one can quickly dismiss as just the latest fringe lunatic, they do present an alterantive reality to what so many may be accustomed to. After all at the end of the day imagination, the ability to think outside the box, and to see patterns where previously there were none, is the greatest threat to the falling and declining status quo by far.

This video series explains why the US Government believes that "deficits don't matter". The reason being that USA can export the inflation to the rest of the world. Good videos. Thanks Eric deCarbonnel.

Well I think we all need to start talking about the ESF alot more. Get it's name out there, because it seems like that's exactly what the bad guys don't want. Very well researched videos, thanks Eric! Keep up the good work!

The Exchange Stabilization Fund (ESF) of the United States Treasury was created and originally financed by the Gold Reserve Act of 1934 to contribute to exchange rate stability and counter disorderly conditions in the foreign exchange market. The Act authorized the Secretary of the Treasury, to deal in gold, foreign exchange, securities, and instruments of credit, under the exclusive control of the Secretary of the Treasury subject to the approval of the President.

The ESF was a copy of the Exchange Equalisation Account set up when Britain left the Gold Standard in 1931 and worked within The IMperial Preference Structure which the United States demanded Britain dismantle in 1946 and which caused the Devaluation Crisis of 1947 and major dislocation of the British Economy including rationing on food, furniture and clothing into the 1950s. It is therefore truly ironic that the USA is today driven to use such a fund to shore up its own precarious economic and fiscal position.

I don't have time to post specifics right now, but I watched all 5 parts of this just now (part of the reason why I don't have time to post specifics right now), and let me just say this (for now):

This series is the biggest pile of disinformation, which is almost schizophrenic in presentation and its broken, drifting, unrelated rantings, than I believe I've seen in quite a while.

While the guy who compiled this sprinkles a few truths in this documentary (sad one, at that), to apparently try and draw in some, he's essentially making the claim that the ESF is the underlying cause of economic instability and the perpetual government deficits, while The Non-Federal Reserveless Non-Bank is some benign entity, which has Americans' best interests at heart, but which is being thwarted by the ESD (a micro subsidiary of Treasury).

I can't even count the total number of complete and utter factual mistatements (we can know certain things even if we're all still trying to analyze and make conclusions about what is a spider web of deception that we've not yet fully understood in fine detail) that are made in this 'documentary.'

That the produced of this documentary apparently proudly proclaims he's the grandson of one of the individuals present at the 1910 meeting on Jekyll Island, whereby the plans to bring about The Federal Reserve System (and fractional reserve banking Ponzi scheme that is the true heart of our economic and social woes and Matrix-like economy) were discussed and essentially agreed upon being implemented, is the cherry on top of the B.S. meter sundae.

p.s. - Why is this guy begging for donations in his mockumentary? He should just call up The Bernank and send the link to his documentary to Dudley, and ask for a stipend, given that he's casting The Federal Reserve in such a saintly light.

Just my humble opinion but this response is one serious load of bullocks. For as long as Eric deCarbonnel has been blogging I have never read him boasting of his grandfather. As a matter of fact he has disavowed his grandfather's actions. I also have never once read Eric begging for donations. The shrillness of this reposte makes me wonder just what all the Truth in Sunshine's hissy fitting is all about it.

Happy New year to you, yeah I'm with you on this being disinformation sprinkled with truth. Beside talking like a used car salesman, I would have to say my radar went up at "books are bad, you tube videos are good". Though I did like what he pointed out as to the purpose of the supernote, he should have ended the video at "black propaganda is among the most vile."

I wouldn't call it disinformation, but he apparently fails to account for the shift in the balance of power between the fed and the treasury 30 years ago when Volker stepped up and jacked rates to get inflation under control. I would like to hear an update with this factored in.

Call it disinformation or intentional misdirection, the semantics don't much matter. The Idea that broke and thieving drug users could cause it all to collapse is preposterous. A lot of us know who brings the drugs in, and are not surprised at all that greedy central planners would be in the thick of it, the sketchy nature of that business demands their involvement. But pointing to the slush fund they use to park the profits made as being the source of the problem smacks of a counter intelligence effort by the FED. All that needs to be taken into account is where the money comes from initially. And then he solidify's his status as a well poisoner with the claims he makes about the AIDS and the HIV virus, I'm not even sure what point he was trying make, but it was clearly shit. Some of the connections he makes do seem valid and do help to fit more of the puzzle pieces in to place, his underlying message is obviously an attempt to absolve the institution his grand daddy helped create of any blame. I wonder if this has anything to do with the FED's program to track all that is said about it? Maybe they have decided to take a more proactive approach considering all the connections being made on sites like ZH.

I guess I need to watch this again. I first saw it in June (there were only three videos then) and sent the links to a few friends. I found the email and this was the note I used to preface it, "I think this may have been prepared by a federal reserve washout. I firmly believe that the fed would have done the same to the dollar as the ESF but was beat to the punch. I can't buy their 'poor abused fed' line. Interesting, obscure, and valuable stuff, anyway."

Unless you were already aware of the ESF, I still think this is valuable material.

I agree with you, in general, TIS. I'd like to go through the 5 videos again more slowly and pull apart the specifics of my objections to it (including pausing many of his quoted articles and congressional records and looking at both the contexts and the sources/speakers) ... but, overall, I am very suspicious of the distraction away from the banks and politicians.

For example, Harry Dexter White was unmasked after WWII as a communist (ie. Vatican) mole who worked with Keynes to prepare the blueprints for the WB and IMF as early as 1940. The other OSS players at the time, 'Wild Bill' Donovan in particular, were also blatant Vatican agents working the globalist agenda. The Treasury had been 'captured' and was being manipulated by the CIA (the DCI "advises" the President and Administration and "filters" information reaching both), not the other way around. (The OSS/CIA have never been working in America's interests, only those of the globalists based outside of the US).

If I find time to go over it again, I'll say more later.

[edit: I see that SilverShield (below) has done a good analysis of the Fed's creation, but he also needs to look into all the senior players in the Roosevelt and Eisenhower administrations who were working against the US national interest to create the globalists' ESF, IMF, WB and WTO ... and the 'cold war'.]

The ECBEURO user used to allow comments to be made on their videos, so one day I commented on their video relating to inflation/deflation and price "stability" slating their abuse of the system and how the video was now defunkt considering inflation will soon be rampant. Shortly afterwards comments have been disabled on all of their movers in Dubai videos.

"Henry, there's something I would like to tell you, for what it's worth, something I wish I had been told years ago. You've been a consultant for a long time, and you've dealt a great deal with top secret information. But you're about to receive a whole slew of special clearances, maybe fifteen or twenty of them, that are higher than top secret.

"I've had a number of these myself, and I've known other people who have just acquired them, and I have a pretty good sense of what the effects of receiving these clearances are on a person who didn't previously know they even existed. And the effects of reading the information that they will make available to you.

"First, you'll be exhilarated by some of this new information, and by having it all -- so much! incredible! -- suddenly available to you. But second, almost as fast, you will feel like a fool for having studied, written, talked about these subjects, criticized and analyzed decisions made by presidents for years without having known of the existence of all this information, which presidents and others had and you didn't, and which must have influenced their decisions in ways you couldn't even guess. In particular, you'll feel foolish for having literally rubbed shoulders for over a decade with some officials and consultants who did have access to all this information you didn't know about and didn't know they had, and you'll be stunned that they kept that secret from you so well.

"You will feel like a fool, and that will last for about two weeks. Then, after you've started reading all this daily intelligence input and become used to using what amounts to whole libraries of hidden information, which is much more closely held than mere top secret data, you will forget there ever was a time when you didn't have it, and you'll be aware only of the fact that you have it now and most others don't....and that all those other people are fools.

"Over a longer period of time not too long, but a matter of two or three years you'll eventually become aware of the limitations of this information. There is a great deal that it doesn't tell you, it's often inaccurate, and it can lead you astray just as much as the New York Times can. But that takes a while to learn.

"In the meantime it will have become very hard for you to learn from anybody who doesn't have these clearances. Because you'll be thinking as you listen to them: 'What would this man be telling me if he knew what I know? Would he be giving me the same advice, or would it totally change his predictions and recommendations?' And that mental exercise is so torturous that after a while you give it up and just stop listening. I've seen this with my superiors, my colleagues....and with myself.

"You will deal with a person who doesn't have those clearances only from the point of view of what you want him to believe and what impression you want him to go away with, since you'll have to lie carefully to him about what you know. In effect, you will have to manipulate him. You'll give up trying to assess what he has to say. The danger is, you'll become something like a moron. You'll become incapable of learning from most people in the world, no matter how much experience they may have in their particular areas that may be much greater than yours."

....Kissinger hadn't interrupted this long warning. As I've said, he could be a good listener, and he listened soberly. He seemed to understand that it was heartfelt, and he didn't take it as patronizing, as I'd feared. But I knew it was too soon for him to appreciate fully what I was saying. He didn't have the clearances yet.

And it reminded me to something my mother told me once when I was already grown-up and had children myself.

I can not remember the topic why my mother said this to me but what she said stuck for the rest of my life:

She said: Boy, you know what, you can learn something even from the most simple minded man in this world. I tell you this man knows something or is master of something which you dont know or cant do like him. You only have to find out what it is. And it might be very important for you.

Interesting, because my dad told me a similar story. In the early fifties, a neighbor of his who was a stone mason construction worker immigrant from southern Italy with zero education told him that one day the multinationals will control the world and China will become the number 1 economy. Amazing!

And I do not hesitate to ask such a person what he thinks, because he might not come to the right conclusion, but one aspect in his thoughts might be just the piece of info you are searching for to understand it all.

Here is a reply to both... "See, the key to controling people in power is to let them in on the "big" secret. You manufacture a story with some truth and some made up stuff to elicit a certain mindset. The higher the clearance "above top clearance" it is and the more fantastic the story, the better. It just has to be finished with "You see (Daniel or Henry) the whole Gog Magog thing is true, that is why we need a strong private central bank that controls the whole world. We are really secret agents against Satan and really represent the one true God and are trying to save humanity" Turns out the two of you become the biggest suckers around, doing your job all rightous and all".

This past Tuesday evening I found myself reading a snippet from Enrico Orlandini's, DTAnalysis [DT stands for "Dow Theory"] - where Mr. Orlandini opined,...I took special note of how 2,920 metric tonnes of "Gold Compounds" had been exported from the U.S. in 2008. This number seemed BIGGER than BIG — because the U.S is only alleged to have stockpiles of sovereign gold of 8,100 metric tonnes while annual U.S. mine production of gold is roughly 228 metric tonnes.This figure of 2,920 metric tonnes is equal to 36 % of all alleged sovereign U.S. gold stocks or more than 14 times annual U.S. gold mine production.So, I was left wondering, "just what is/are 'gold compounds'?I contacted the USGS and queried a qualified individual [who had working knowledge of this data stream] about the definition of "Gold Compounds". I was told that, according to the U.S. Census Bureau — who supplies not only the definition but the actual reported numbers, gold compounds were typified by industrial type products containing low percentages/amounts of actual gold content — like gold paint....The ImplicationsLadies and gentlemen, the foregoing data and discussion with the USGS individual is proof that the United States of America [or criminal elements within its Treasury and/or The Federal Reserve] "HAS" surreptitiously exported physical gold - and continues to do so. It is confirmed. The exports are likely coin melt [or gold compound, if you prefer] from the great gold confiscation back in 1933; or alternatively, this terminology is being used to disguise physical repatriation of foreign gold bullion formerly on deposit with the N.Y. Federal Reserve. Such repatriations are recorded as "exports" in U.S. Trade data. Public acknowledgement of same would scream like a siren call that the global financial community has totally lost faith in American financial stewardship — hence the need to do so on the sly.This is being done in a vain/desperate/losing battle to satiate "off the charts" global demand for physical gold bullion arising from the profligacy of the American Empire's two previous Administrations and to prop up the failing U.S. Dollar.Over the course of 2007 / 2008 — more than 5,000 metric tonnes of "Gold Compounds" have been exported from the United States of America representing more than 62 % of reported sovereign U.S. gold reserves or about 24 times annual U.S. mine production.5000 metric tonnes = 160 753 733 troy ounces [$128 billion+ at today's prices]The fact that industry funded trade groups like the World Gold Council and other professional gold consultancies, who shall remain nameless, have not reported these facts negates their credibility and illuminates them as dupes or willing shills. These fraudulent or ignorant organizations deserve to be shuttered and disbanded.U.S. Trade Data Is BogusThe value of these bullion exports significantly "skew" the doctored U.S. Trade numbers [coincidentally, also prepared by the U.S. Census Bureau] in an attempt to convey a picture that the U.S. financial position is improving.The reality is this, when gold exports are backed-out, the U.S. Trade picture is decidedly worse. The United States of America claims to possess a little more than 8,100 metric tonnes of sovereign gold stored principally at Fort Knox, Kentucky, West Point, N.Y., the Denver Mint and The New York Fed. The sovereign U.S. gold reserve has not been independently audited since the 1950's during the Eisenhower Administration. GATA's freedom of information requests are all about ensuring that the 8,100 metric tonnes of U.S. sovereign gold is still owned by the U.S.In April, 2008 the Federal Reserve responded to GATA's request, releasing hundreds of pages of worthless information with significant portions redacted. They also claimed that they were withholding hundreds of additional pages of documents. The status of the withheld documents is currently under appeal.These stonewalling tactics — withholding details - are eerily similar to those employed by Messer's Bernanke, Paulson and Geithner refusing to divulge frank details as to "who" the beneficial recipients were of TARP and TALF funds.No credible audit of the Sovereign U.S. Gold Reserve will EVER be allowed — because the gold is simply not there.Hope you have some.My reaction: US has exported 5000 metric tonnes of "gold compounds" over the last two years

1) 2,920 metric tonnes of "Gold Compounds" had been exported from the U.S. in 2008.

2) The U.S is only alleged to have stockpiles of sovereign gold of 8,100 metric tonnes while annual U.S. mine production of gold is roughly 228 metric tonnes.

3) 2,920 metric tonnes is equal to 36% of all alleged sovereign U.S. gold stocks or more than 14 times annual U.S. gold mine production.

4) An individual for the USGS agreed that the data, as published, did not make logical sense and explained that the U.S. Census Bureau was questioned as to the veracity of this particular line item in their data.

5) The U.S. Census Bureau is assigning an astronomically high value to these goods.

6) The values being reported would be more in line with these goods being gold bullion or equivalents.

7) foregoing data and discussion with the USGS individual is proof that the United States of America has surreptitiously exported physical gold - and continues to do so.

8) Public acknowledgement of these gold exports would scream like a siren call that the global financial community has totally lost faith in American financial stewardship

9) Over the course of 2007 / 2008 - more than 5,000 metric tonnes of "Gold Compounds" have been exported from the United States of America representing more than 62 % of reported sovereign U.S. gold reserves or about 24 times annual U.S. mine production.

10) No credible audit of the Sovereign U.S. Gold Reserve will EVER be allowed - because the gold is simply not there.U.S. Trade Data Is Bogus

1) The value of these bullion exports significantly "skew" the doctored U.S. Trade numbers

2) When gold exports are backed-out, the U.S. T rade picture is decidedly worse.

Conclusion: Until someone explains to me what these "gold compounds" were, I am going to assume that they were half the US gold reserves leaving the country.

It appears that only 24million ounces is good "deliverable " quality. Thats just 750 tons of the 8300 OOOPs ! :)

But much of what was left, as seen in the one compartment opened in Ft Knox, were quite obviously of bad quality. They were the dregs of what had been the greatest accumulation of gold that had ever been seen.

At the same time, the Treasury agreed to audit the gold. However, they only agreed to audit 20% of the gold. This was supposedly done over a 30-day period that began the day after the tour.

The results of this "audit" were released in February of 1975. Mr. Durell was less than impressed with the whole thing: it was certainly not what he had wanted when he brought up the subject with Attorney General Saxbe the previous August. He felt, with justification, that he (along with everyone else) had been bamboozled.

By February 1975 Saxbe was Ambassador to India, so Durell communicated his displeasure through his local Virginia congressman.

As a result of this, the GAO sent four men to Durell's Virginia farm to try to convince him of the validity of their accounting practices. In charge was Hyman Krieger, the GAO's Washington regional manager.

The one concrete piece of information to emerge from this meeting was a bombshell. Krieger admitted that only a small part – 24.4 million ounces – of the official gold was of a quality of .995 or better. In other words, less than 10% of the 264 million ounce held by the Treasury could be considered good delivery gold.

Krieger confirmed this in a letter to Durell of April 11, 1975:

"We analyzed, as agreed, the gold bar schedules for Fort Knox and found that fine gold in good delivery form (.995 or better) at Fort Knox totaled 24,411,140 ounces."

This from the 701 million ounces that were the supposed peak. In fact, in the absence of a true and independent audit and assay, we really can't be sure of how much is actually there. First the Treasury said that 264 million ounces of gold was there by the end of 1972, but later on the number was changed to 147.3 million ounces, and that's the number it stands at today.

What happened to change the 264 million to just 147? How much – exactly – remains in Fort Knox? Of that, how much – exactly – is good delivery quality? What is the quality of the rest?

US Official Reserves have never been in Good Delivery form, if they magically were one day- then there would definitely be a problem, and one that they couldn't cover up. When FDR confiscated gold, they simply melted much of it into bars, instead of re-refining it first, hence the proliferation of 22k gold bars (i.e. coinage gold).

Why because the banks obviously did a drive by shooting of the paper silver markets dropping it $6 in 15 minutes in a thinly traded market?

Or was it the 60,000 accounts they stole at MF global preventing the physical delivery of gold and silver the banisters don't have?

Now that they have covered most of their outstanding short position and it is at a decade low maybe we will see another 400% return like we saw after 2008 when the last person said I lost my credibility...

Indeed great videos by Eric deCarbonnel of marketskeptics.com, despite the hour-plus in length, a bombshell of a presentation on « The ESF and Its History »:

To try to summarise in text Eric deCarbonnel's main points, which he backs by some great detective work and many historical documents he shows on the videos:

Zero Hedge readers will get a surprise here, as deCarbonnel asks: Is the secretive US Treasury Exchange Stablilization Fund, or ESF, the real culprit, and not the Fed? (ZH has been covering aspects of the ESF, since 2009.)

The fascinating fresh broad perspective on the ESF that deCarbonnel provides, is terrific, and frightening.

According to deCarbonnel, the Fed is actually NOT the main player of the US financial oligarchy; deCarbonnel says the Fed actually lost most of its power in 1934, in favour of another, more secretive US financial mechanism, this 'Exchange Stabilization Fund' or ESF within the Treasury Department, which deCarbonnel says is the boss of the Fed and not the other way around.

On deCarbonnel's view, it seems 'End the Fed' would just be another empty 'victory' if it happens, as the Fed's major functions would just continue from inside Treasury.

The ESF was created on 30 January 1934 as part of the Gold Reserve Act signed into law by US President Franklin Roosevelt on that day. Even at the time, the ESF was seen by some, as the most insidious part of the legislation by which the gold of US citizens was confiscated and nationalised.

Key to the ESF, operating from the Treasury Department, and conducting some operations via the New York Fed, is that the ESF is subject to no oversight from Congress or anyone else, and does not need to obey any law, with hardly anyone realising what it is. The ESF was from the start a 'slush fund' with, in effect, absolutely no restrictions on its use and no one to ask any questions about it.

With what deCarbonnel details about the operations of the ESF ever since then, as the tool for secretly funding every major scheme of America's rulers, it seems 30 January 1934 might be cited as the day America itself really died, becoming in fact a lawless nation run by secret means.

In 1934 the ESF was immediately funded by billions in instant government profit on gold holdings, the profit realised from the instant devaluation of the dollar in 1934, when the US regime nationalised all private gold and seized most of it. The theory was, the ESF could be deployed in the markets to prop up the dollar, but the ESF quickly started to be used for every major kind of US government espionage, propaganda, and criminality, which all of course can be said to be related to 'propping up the dollar'.

The ESF funded the US spy operations through the World War II era, the OSS that became the CIA. The ESF helped establish Bretton Woods, and also became a source and part-template for two global 'slush funds' which would operate much more visibly, the IMF and the World Bank.

Decade after decade, the ESF continued to fund many of the various Cold War and post-Cold-War attacks on other countries, the bribing of global politicians, the funding of military coups, and so on. According to deCarbonnel, the ESF is the conduit to receive much of the monies that US governmental forces obtain via illicit means such as drug sales and money laundering, and then re-deploys those monies for every kind of criminal use not only against other governments, but also US citizens.

For decades now, the ESF has also been a means of funding for much of the US propaganda apparatus, specifically the bribing and buying of false media stories around the world and within the USA, media deceptions as under CIA spymaster Frank Wisner playing 'Wisner's Wurlitzer', the media 'music' that the US rulers want to hear played.

Though deCarbonnel cites historical events going back to the 1930s and 1940s, he presents a picture of the ESF as being as active and insidious and dangerous today as ever, in fact more catastrophically so. It is the ESF, says deCarbonnel, rather than 'the Fed', which is in charge of US financial and monetary manipulation both inside the US and overseas.

As he moves toward the present era, deCarbonnel raises the question of how it is that after 1980, the US was able to continue the massive running-up of US government deficits, without sparking the inflation that had been the hallmark of the 1960s and especially the 1970s.

The answer which deCarbonnel gives to that question is that the US has been 'exporting' its inflation overseas via ESF operations, partly even by literal huge shipments of green cash abroad by US-supported drug dealers. He says the US in fact actually NEEDS a massive global heroin trade, from the poppies grown in Afghanistan, in order to keep wads of cash flowing out of the US, which in turn keeps inflation much lower and prevents the US dollar Ponzi scheme from collapsing at an earlier date.

Going further, deCarbonnel suggests that the main reason for 11 September 2001 and the invasion of Afghanistan, was to revive the poppy - heroin production in Afghani territory, which the Taliban had essentially eliminated before the Americans invaded. Charts shown by deCarbonnel, indicate that in mid-2001 the US teetered on dangerously high money supply flows, which deCarbonnel says occurred precisely because the heroin trade had dropped to low levels due to lack of supply, and there were no longer drug dealers taking so many bucketloads of cash out of the US.

A lot to digest here ... clearly the ESF needs to be better known and understood by everyone trying to understand the US financial oligarchy.

Thank you for the summary. I need to make myself watch the vid's. Very depressing though and painful to realize that the deception is so deep. Tempting to just look the other way. Who the fuck really want's to confront the apparent truth that EVERYTHING has been a lie?

i heard texe marrs the other night talking about how much natural resources are in afghanistan and how they intend to help china take them. that is why we are there. to help china rape afghanistan. china is the new "united states" economic powerhouse of the new world order.

It was Henry Kissinger and Robert Rubin who began the process of transferring the largesse of American freedom to Red China to make her the “economic powerhouse of the new world order.” Why?IMO, their chief goal was to destroy the self-determination of individual freedom and Christianity, the foundation upon which Western Civilization’s freedom was built and on which 70% of Americans profess their beliefs.The pretext for continuous war is based on 9/11; the next takedown is to be Iran. Yet, Iran has done absolutely nothing, absolutely zero except respond to Israeli expansionism, to warrant political annihilation. Iran was not even friends with the Palestinians – the “nonexistent people” Israel is now eliminating.

In short, Iran is real estate with oil reserves not yet governed by a U.S. puppet, such as in Afghanistan with its mineral reserves and proposed pipeline routes and Iraq with its oil. The U.S. and Israel are determined to change that.

As Jesse’s Café Americain asks regarding this unfolding world tragedy created by an unelected central power (such as, IMO, a G-20 that wants to regulate commodities, a new G-Club to tackle currencies, a one-world central bank with total economic and political reign): “It is a mistake to view what happened as some accident, or a natural development. It was a pre-meditated campaign to subvert the economy and the political protections of the vast majority of US citizens.”

Ask yourself, who are the players?Who are the central bankers, the heads of the IMF, the World Bank…?Who are the principals of the TBTFs, the owners of the Fed? Who controls the power centers and political elite of in the US?Who are the perpetual winners; the perpetual losers?

Just in case you might not have seen this, footage of one mass murderer greeting another and another. To think that Bush was intimidated by Mao says quite a bit though Kissinger obviously enjoyed himself.

Thanks, and as you say, the image tells the story. And to think that these people were actually the representatives of America meeting with this mass murderer. Kissinger was very successful in pushing U.S. Empire; not only did he understand the mind of a despot, he is one himself. He is a war criminal not yet indicted except by public opinion. If a poll were taken today as to who would be an American war criminal, the winner would be Kissinger.

Two comments regarding the video were very telling: "Although they’re all murderers ( Mao, Kissinger, H.W. Bush), Mao murdered for ideology – they murdered for greed. That’s probably why Mao is the most personable guy in the room."

And: "Henry Kissinger should be tried in the International Criminal Court for crimes against humanity for Viet Nam and Cambodia and Laos."

I noticed that several posts have been removed, and that "High Plains Drifter" has been banned for his white supremacy crap. For me, it's not a freedom of speech issue. Rather, does ZeroHedge want to be known as a magnet for bigotry and racism? Purging this site of all the racism and bigotry will add credibility to your site, and that's a good thing.

Happy New Year! ZH is probably my favorite place on the internet. Glad to see it move in the right direction.

I have worked with people who were senior officers in Afghanistan and had administrative authority over entire provinces. From their mouths, we are guarding poppy fields.

Who knows; we may be growing the poppies. It is a fact that the attempts at prohibition of growing in Peru and Colombia have stopped due to popular revolt against them. US policy now is to protect narcoagriculture.

Has anyone noticed the steep decline in war/violence/homicide in nations where prohibition has been de facto ended?

Look at the situation in latin america...Colombia has had steep declines in violence because growing prohibition ceased. The violence now is over distribution routes to the USA via Mexico, Honduras, Guatemala, and the Caribbean Islands. You can check the wiki list of homicide by country to see this trend. Producer states with reduced prohibition have seen sharp declines in homicides over the past decade, but distro states in central Am have seen sharp increases.

>>>Charts shown by deCarbonnel, indicate that in mid-2001 the US teetered on dangerously high money supply flows, which deCarbonnel says occurred precisely because the heroin trade had dropped to low levels due to lack of supply, and there were no longer drug dealers taking so many bucketloads of cash out of the US.<<<

Main reason? What nonsense...I call bull shit.

Greenspan pumped a bunch in anticipation of y2k disruptions...and even more post-9/11. A lot of that money went on to fuel the housing boom...because it was in the form of bank credit.

(I don't doubt the Taliban disrupted the heroin trade and paper dollars may have been is short supply abroad, but this guy really needs to look back at the broader picture.)

If his claim were true, Greenspan would have reigned in the money supply post-9/11 and not pumped...Chimpy Bush would have not encouraged Americans to go shopping...with money they didn't have.

These idiots were trying to create inflation and debt...not ease inflation because jumkies had too much cash on hand and were hoarding it inside the US.

Banker in brussels: Thx a lot for the lengthy explanation. I viewed the clips as soon as they came out in July and found them not believable. But, but, later other online bloggers like PragCap and mainly MMTers kept saying that the Fed is practically under the orders of the Treasury. PragCap even quoted one of the Fed statutes that very clearly stated the overpower of the Treasury over the Fed. Now the clips sound very very believable.

one thing is for certain. the idea about the fourth branch of government and the fourth estate etc, probably has been a big lie for a long time ever since the "tribe" bought out most major news outlets...........it is amazing how so many people get their news from faux news and think they are getting the truth etc..........or that idiot jon stewart for that matter. the world is turned upside down.....

If buttercups buzz'd after the bee,If boats were on land, churches on sea,If ponies rode men and if grass ate the cows,And cats should be chased into holes by the mouse,If the mamas sold their babiesTo the gypsies for half a crown;If summer were spring and the other way round,Then all the world would be upside down.

Finally, i was wondering when ZH would link these videos ! Great stuff except the part about HIV which i found really hard to believe. But maybe my established paradigms are too strong there ! In any case happy New Year to all of ZH

"The part about HIV, which I found really hard to believe"===maybe you just need more practice. The Red Queen in Alice in Wonderland told her she believed in three impossible things before breakfast every day. No, serously; the guy is a classic wing-nut. It's just a pot-pourri of conspiracy babbling.

Yes the HIV claim is wrong. It has been proven that HIV is the cause of AIDS. People without HIV don't get AIDS.

I think that HIV as the cause of AIDS was being stressed in order to "protect" drug use and the war on drugs, in which they succeeded.

PS: There is even a cure for HIV/AIDS: Look up the report of the German man who had bonemarrow therapy for cancer, and after the therapy the doctors found he was also HIV free. Since it's a dangerous and very expensive treatment it will not be a general cure for HIV though.

i don't know how many of you know about this but when this "hiv" business first came out, you cannot imagine the fear this did to people in the single communities of this country. it cannot be overemphasized. it truely was some of mind game released upon the people of this country. in the 90's i used to listen to a guy on the radio who closed out his show everday with the statement......don't ever let anyone steal your joy.....

and buddy, vietnam and aids stole the joy of two generations.........and more......

hiv is a derivative of cancer - the dormant cancer [litany of variations regarding cancerous genes] gene known as aids is in every living breathing human being,... as are all other deadly deceases and viruses that somehow never [receive] bypass-the-trigger-event-mechanism [why? healthy diets and access to high protein diets and foodstuff abundant in america & various countries mentioned below] --- the sharing of dirty needles transfers the virus, that is why the epidemic in countries such as switzerland, netherlands,norway,finland, and sweden have had a successful drug program and mortality rate during the aids crises

Perhaps things have since changed, but in the early days of AIDS if two 30s age, gay males entered the hospital with Kaposi's Sarcoma, one having the HIV virus the other not, he with the HIV virus was declared an AIDS patient, the other not.

An early video of one of the scientists making vaccines attributed it to a crap scientific process. Eventually, stuff is going to get out because it is not sterilized completely. If you are using green monkeys, some of their stuff will get into the human population. BTW it still is crap science and if you have to get one, stay away from the discount market mercury filled shot. http://www.youtube.com/watch?v=5tM8gk8C69M

Bill Gates and other depopulationists saw it as a happy accident that will show them the way. What if you could get people to line up to be secretly sterilized?

Edit: Went through the videos a while back. Very good, great documentation. Probably the reason you cant get google archive anymore

a few years ago, the world health organization quietly released a report that said more or less that the aids epidimic is over and was highly overstated..........imagine that. now that is after the money was made scaring people and making people buy those expensive drug cocktails etc.......imagine that............gee, why am i not surprised.......i cannot tell you the crap i used to hear and read about this stuff.......

it was always a disease of high-risk behavior, fags and IV drug shooters. Oh and if you're uncut and buttfuck a lot of chicks you probably get it too. Just a couple of vectors explained 99% of the disease.

But it's that 1% that'll get you....the guy wearing sandals scuffing along the street who runs into a needle left by some addict on the pavement, the 14 year old virgin girl who got her eyebrows tattooed, the middle aged school marm who got her teeth cleaned at a dentist who didn't know how to use his Japanese sterilizer machine properly, the tourist bit on the wrist by a crazed street person, the backpacker riding a bus in Africa and involved in an accident where another passenger bled into his wounds.....

Ten percent or more of HIV positive people don't know they are positive and don't bother to check because they haven't engaged in "risky" behavior. Of course they don't know that visiting a dentist is risky behavior. So is getting a tattoo. So is trusting the competence of those involved in handling the blood supply.

Repeat all of the above for Hep-C.

I've known all of the above examples, and I don't pass judgement on them for their "risky" behavior.

Would that be the same Frank Vanderlip that took the secret train ride south to act as agent for the Rockefeller controlled National City Bank of New York...joined by the Kuhn Loeb and JP Morgan representatives....as well as Senator Aldrich...and the Asst. Sec. of the Treasury Abram Piatt Andrew....in order to launch across waters and meet on Jekyll Island where they would draft a plan for the Federal Reserve Banking System?

These different factions serve each other....

They are heads attached to the same Hydra Beast....

Plausible Deniability allows all of them the ability to keep their gold swap operations secret.

Gold is what they keep in their vaults....oil and currency is what they use to manipulate their serfs...and draw back the "real" wealth unto themselves.

No clever words will draw them out into the open. They maintain their secrecy by any means necessary....including dispatching Presidents unwilling to play along. I doubt peaceful measures will "sort them out"

Access always denied....secrecy is maintained at all costs....since arrangements with other countries, other central banks, and their secret agreements is paramount.

Wow. I don't find this that un-believable. In fact the author has done a good job of supporting his allegations with historical facts. Ask Gordon Liddy what this government is capable of. Just think of how the FED came to be on Jekyll island. Is that fact or fantasy? Why is the ESF hard to fathom. And why wouldn't we have a PPT... if in fact that is the FED's only mandate at this point... to keep the S and P levitating?

The problem with Eric's thesis is that the dollars he reckons have moved outside the US, so stopping inflation in the 1980's never existed as physical dollars in the first place so couldn't have moved outside the US. The vast majority of 'dollars' exist as bank credit, all ultimately cleared by the Fed.

In fact even the vast Eurodollar market doesn't exist as physical dollars, rather as bank credit cleared each day by the Fed. The biggest scam is that the Eurodollar deposits of the Soviet Union, that the Soviets used for imports & exports during the 'cold war', were cleared each day by the Fed. Eric missed that one.

Every eurodollar liability ie. the bank credit I was talking about, is matched by a USD denominated 'asset' which is the USD liability of a US bank under the Fed's auspices & cleared each day. I may have left out a few iterations but the process is the same.

Physical dollars do not actually leave the US, in fact they don't exist as physical dollars. Eric's 'inflation was stopped by dollars moving offshore' is incorrect.

What? Everything matches? You mean just like credit default swaps, you gotta look at the net, not the gross?

You mean that Lincoln and twin Washingtons left in my wallet don't exist, either? And the saran-wrapped bricks of pretty pieces of printed paper occasionally shown on the news to make us think the DEA actually enforces instead of breaks "drug laws" are imaginary, too?

I guess your post just redefined my entire paradigm, and now I guess I'll start watching Dancing with the Kardashian Survivor Stars....

On paper yes & the 'net' is cleared each day by the Fed, in reality, the balance sheets of financial institutions are mismatched in duration & quality. That doesn't bother the Fed but it does lead to recurrent financial crises & will one day lead to the realisation that the balance sheet of the Fed itself, the supposed clearer, is hopelessly mismatched in duration & quality.

As for your sarcasm... fuck off, you know nothing, so go back to beating off over Kim Kardashian moron.

In 1979, the U.S. steel industry began to collapse under pressure from Japanese and European exporters. By 1983, this process had completed. It was not drug money that funnelled the bulk of U.S. dollars overseas (though the drug trade did contribute its small part). It was the beginning of outsourcing of manufacturing and the transformation of a trade surplus into trade deficit: a process financed by debt at every level of the U.S. system. So Eric's thesis is correct. His focus on the drug trade is outlandish.

(Read: This video is about something my family...in concert with the other families that control the FED have been taking some time to put together....to send everybody off on another wild goose chase that leads them to another FOIA "exempt from disclosure" clause dead end)

This Eric.....is the Vanderlip great grandson.....and Grand-Pappy was the Rockefeller agent that designed the FED on Jekyll Island.

What, he all of a sudden "got religion" in hopes of sparing all of us unwashed masses?.....uh-huh, right.

Once Pete Peterson implements his new and improved Institutionalized Global Swap Network, we won't need the ESF any more. It can simply be replaced with a hedge fund and so can the entire financial backing of the United States for that matter. Think of it as the the evolution of modern monetary theory where only this time rather than using the "invisible hand" to point out the winners and losers, we let Pete and his "two out of three top 100 thinkers" choose "the most deserving." 3 out of 3 if you count the Bernank.

In the part 1 he states Vanderlip is his great, great grandfather. I thought that was interesting too.

I need some help understanding something he said (or what I thought he said). Is he saying the Treasury holds the pursestrings and NOT the Fed? So Helicopter Ben is being "guided" by little Timmy G? Please tell me I misunderstood!

Yes he is pointing that way ... that in a way the Treasury Secretary may be the real 'chief' of the United States, carrying out the wishes of the oligarchic families, really supervising the 'independent Fed' ... and the implication perhaps might be drawn that he is even higher than the President of the United States.

In Washington, just look at where the Treasury Building sits ... next door to the White House.

Part of the game of fooling the American people, is always getting them to hate some 'heat sink' figure - hating Bush or Obama, hating Democrats or Republicans - instead of hating the real rulers, the oligarch families who control all the major corporate (including media) interests, and the levers of government.

So all the 'End the Fed' stuff may be another detour to make the oligarch families smirk ... that they have fooled the American people one more time. The oligarch families are always ready to 'sacrifice' something superficial to maintain control.

Next year it might be the Fed. They have also considered sacrificing the Goldman Sachs firm, whose functions could just be re-assembled in other firms, in other names.

Perhaps the Treasury Secretary functions in the US ... somewhat like the way the 'Black Pope', i.e., the black-robed head of the Jesuits, is said to function in some of the 'conspiracy theories' about the Vatican ... the real ruler of the organisation, while the Pope or the President is the hand-shaking front man.

Fascinating stuff.

The guy who is a political refugee from the US in Brussels, attended Harvard as a classmate of both Ben Bernanke and Cass Sunstein, Obama's White House advisor for controlling the internet and other issues. I have talked to him about this stuff from when it was earlier on ZeroHedge, and he says there really has to be some 'messenger boy' between Ben and the oligarch families, and Timmy Geithner may well be the one in that role.

The problem with that theory can be highlighted by the example of the occupant of the Office of the Secretary of Treasury during Reagan's first term - Don Regan. If you are searching for the Gipper's mistros, Schultz and Baker would be much better objects of attention. Schultz even brought a team of hand-picked Chicago Boys with him to DC who set up shop in Treasury - none of them were named Regan. When W. set up shop in the oval, it was Darth Cheney who everyone looked to as the wizard behind the curtain, and he was always shuttling between Observatory Circle and an undisclosed location, although the physical proximity of his desk to that of the Treasury Secretary is certainly impressive, he certainly wasn't taking orders from O'Neill or Snow. The occupant of the Treasury Secretary's office is less important than having skilled politcal operatives who actually understand how to wield the levers of power regardless of where they currently sit in Washington's never ending game of musical desk chairs. Although there is a strange and alarming correlation to banking bailouts and bankers occupying the Treasury Secretary's desk chair, but that's another issue...

That's funny, but by that time the game of musical chairs had landed Don over at the White House at the Chief of Staff's desk, where it was his job to tell his boss to "Speed it up", and ironically it was Baker (who had just vacated the Chief of Staff chair) who was running Treasury... In addition to running ML, the ominous voice in the video could have pointed out Don Regan had done time at the FED before moving to Treasury and the the WH, where he happily arranged the bank bailout of Continental Illinois... So I'll stand by what I wrote.

Confused me as well. I was wondering if he was talking about the Treasury at inception. IMO, Timmy is just another pawn along with the majority of our politicians. Too much legislation that makes it legal for them to steal, and even when they get caught with their hands in the cookie jar it's just a slap on the wrist says different. Not to mention all the money that rolls in for campaign donations.

This is a lot better than watching football. It is interesting that the ESF coincides with the State of Emergency in Agriculture. 1934 is an important year in history. The Federal corporation took dictatorial control of the economy. That State of Emergency has never been rescinded and is in force, today. It's purpose has been stated in the Preamble to the Congressional Record in 1953 and 1973.

The supporting vidoes, almost without exception, are the worse of junk science. Allegations without any substance whatever. Which explains the acceptance of this trash. Many vids have nothing to do with allegations made in the main video. This baggage destroys the message.

The reality is that Austrian econ has been usurped by wingnuts. Quoting nutcases does not support his case.There is a case that tax cuts do not pay for themselves. There is a case for collective endeavors thru taxes to achieve improvements and goals for the common good.

WOW! this is incredible and in my book already one of the best of 2012. groundbreaking analysis and an in depth and far reaching exposé of the convoluted incestuous matrix of corporate/government collusion in criminal enterprise. Kudos to Eric, many thanks to ZH and best of luck in the Mayan Nether Year.

What is so shocking here, other than the number incorrect linkages drawn from a given subset of facts and events (and a few errors)?I actually think those clips are worth watching, but it is folly and delusion to accept them as gospel.On the subject of the delusion of crowds and seducing the masses - the intelligence community has a "black budget" - it is a well known fact, but every budget has both a revenue and expense side, so why is the "black budget" any different?Intelligence has both an information and a disinformation component (among a dozen other pie cutting paradigms), this has been widely known since well before Sun Tzu, and given the sheer size of the US intelligence budget, do you really think they left out, or underfunded, the disinformation side?Although it was very refreshing to hear that Paul Krugman is a paid CIA tool - it would really say something bad about the USA if a Nobel Prizing winning economist actually believed the Keynesian BS he pushes.

STATECRAFT is both the intersection & union of financial, trade & industrial, military & intelligence, domestic & legislative, and foreign policy- and yet the education system tries to silo the disciplines, then media & historians try to explain developments which fit this paradigm, and can be viewed through those lenses.In the US, there is a presumptive hierarchy of the President, Vice President and then x number of subservient, separate, and somewhat equal cabinet silos, with a parallel and distinct legislature.One could construct an equally digestible or appealing conspiracy theory tracing all the way back to the Founding Fathers about how the Constitution was an ingenious Masonic plot to disguise the true hierarchy and inter-relationships, if one were so inclined and willing to devote the effort.But when all your problems are politicians, diplomats, bureaucrats, bankers, and industrialists- all your problems can start to look like ESFs...

In the end- the search for boogeymen and conspiracy in economic development is eerily similar to the debate over evolution versus intelligent design in human development.How did we get where we are?Is it possible things got this complex and sophisticated all by themselves, or must the hand of God or the Devil intervened to steer events? And if so, what is that God or Devil's name?The ESF is important but it isn't the Holy Grail.Limiting the scope of one’s vision to exclude non-MIC government spending, the balance of global trade flows, the presence of a gold standard, backing, or convertibility doesn’t help anything- other than the case that the ESF actually is the incarnation Mammon, which is an entirely understandable aim when Grandpa was attending the freak show on Jekyll Island.

I'm simply shocked that it took so long for Eric's work to tweak zh's attention while for most of us who follow lewrockwell, gary north, etc. incorporated this piece of information into our mosaic ages ago. But, better late than never...

Gary North? Remember all the insane, batshit crazy fear mongering he did about Y2K? He has less than zero credibility and was the biggest running joke in IT for the years leading up to and following Y2K.

try this. culled off a forum. "mr. prestidigitator, ever since you crawled up out of the sewer of Chicago politics you have worked for the cabal of investment bankers controlled by the Rothschilds and their satraps; Goldman Sachs, JP Morgan Chase and God only knows whatever manner of corrupt and unholy vipers preying upon the people of this nation. Your CIA pedigree is well known to those of us who have bothered to research and document the shadowy, unsavory, and criminal path that has led you to the pinnacle of the temple where you bowed in obeisance to the prince of this world and accepted his offer of dominion over this fallen world. This New Years greeting to the American people is only the latest step in your lackluster and abysmal capitulation to the degenerate old white pederasts that you so assiduously serve. You are a traitor to human beings white and black, Christian, Jewish, and Muslim, and the people and Constitution your have sworn to serve, You should not only be impeached but tried for high treason. May God have mercy on your forsaken soul".

Let's get the year started off right. I'll set the standard by which down arrows are measured. Come and get me, RobotTrader.

This is an absolute pure bullshit article undeserving of space on Zerohedge---but probably good for clicks given the proclivities of the audience here---and is a perfect example of why rational and fair-minded people are losing to the semi-competent and totally self-serving powers that be: chasing ghosts instead of flesh and blood reality. So long as people choose to be batshit crazy and believe in fairy tales and fantasy, the PTB win.

I throw up my hands, embarrassed, exasperated and disillusioned. These people are so woefully naive of reality, yet fancy themselves so "awake" and so cutting edge. Terribly disappointing. Where is Charles Darwin when you need him? Time to evolve beyond the intellect of monkeys.

I try to keep an open mind. I don't negate everything and I don't accept anything. I let the story sink in, then, do my own diligence to ascertain the facts. I read all your posts with great interest, as you are one of the ZH's originals. Could you please tell us why you consider this to be a pure bullshit article. He hasn't conjured up the story from thin air; his original article has most of the links from which these videos have been created. So, what is it that is bullshit about the videos? Has he been selective in presenting the content or are the source of these videos fake and without any merit?

Because the ESF isn't anywhere near big enough to continually finance the annual black ops budget in the US, much less the US trade deficit. Because just like weed, opium poppies take time grow, and didn't just materialize overnight even before the US had substantial uniformed boots on the ground, and because the global supply of cash rich heroin addicts would have to increase by several factors in order to generate enough drug profits to satiate the spending habits of the chronically addicited legistalors in Washington. BECAUSE INTENTIONAL CURRENCY DEVALUATION- WHETHER THOUGH OFFICIAL GOLD REPRICING OR RAISING THE DEBT CEILING, IS HOW CONGRESS HAS BEEN EXPLICITELY FUNDING ITS ANNUAL SPENDING BING FOR THE LAST CENTURY. Guns vs Butter is not a national security secret, it's a national security issue. I could go on, but I would have to sit through those videos all over again to do a point by point.

Would it make one goddamn bit of difference? If I told you I was really Barack Obama or Ron Paul and had first hand and contradictory knowledge of everything of import in this article, and provided all the necessary bonafides and blood samples to prove who I was, you would still believe what you are wont to believe. For those who buy this article, their ignorance is their passion is their absolute reason to be. I cannot change that, but it does not prevent me from putting a voice to my exasperation.

Again I say the same thing: I know why the PTB are winning, and always will so long as the masses chase phantoms.

Is there not such an entity as the ESF? Is there not such a thing as the PWG? If there is, and there is, then Central Planning has taken hold, and we have no democracy, however inept it would have been.

So pray tell, you support this system? You like the Central Planning? You think it works?

Is this why some of the biggest spikes higher on the spoo come on economic data that is the easiest to cook up.. like conference board confidence numbers etc ? Really only being handy plausible excuses to conduct spoo pumping operations.

Here a nice critique of this series http://dont-tread-on.me/?p=4587. This video series on the ESF brings a lot of great ideas to the forefront, but leaves the who is responsible for the massive Ponzi scheme that is about to collapse. Just saying....

As the New Year trembles in the fear of a false flag that would drag us into world war again, here, cloaked in the mantle of the core monetary issue, could be the false flag to deflect our alarm from the real danger to the FAUX danger.

Where does our monetary danger originate: IMF, SDR, or ESF?

None of the above: it’s the FED. Eliminate the ESF, and you still have the problem.

The central source of this world crisis is the private owners of the Federal Reserve now running the world after Congress illegally transferred its right to coin money to the Fed. IOW, the problem is not who, it’s what.

Fed historian G. Edward Griffin defined the problem: “The Federal Reserve is the starting point of the pessimistic scenario. The chain of events begins with fiat money created by a central bank, which leads to government debt, which causes inflation, which destroys the economy, which impoverishes the people, which provides an excuse for increasing government power, which is an on-going process culminating in totalitarianism.

“Eliminate the Federal Reserve from this equation, and the pessimistic scenario ceases to exist. That is the…reason to abolish the Fed: It is an instrument of totalitarianism.”

Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain gave this warning in the 1927:

“Bankers own the earth. Take it away from them but leave them the power to create money, and with a flick a pen, they will create enough money to buy it back again… But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

When Americans lost their prerogative to control their own medium of exchange and to set the value thereof to a super-national cabal of globalist central bankers who could print free money for themselves for which the rest of mankind must toil or trade assets they forged the chains that now bind them.

fantastic research but he has an axe to grind
and it clouds his conclusion. the fed, the cia, the "banks",
the esf = same thing. just tentacles of the same squid.
they are all collectives at the service of particular
persons, the elite. these persons have access to
all the tentacles in coordinated compliment if they
choose. the effect of these expressions of power on
the other people range from total destruction to torment
to rewards a plenty. everything from the lemonade stand
to the defense department is subject to the demands and accounting
of the fiat fantasy in shadow land. the system is the message,
who has access to the window of fiat. the whole thing is just a
legitimization of the exercise of unjustified power over resources
and people, that is why there is a system, to affect that power.
the funny thing is these assholes then want respectability too.
public-private partnership, institutional functioning, accomplishes
this. the private banks need the treasury to issue the sovereign
money that can be printed endlessly and delivered at no cost to their
private accounts. everyone else can then line up to borrow at interest.
the banks need the cover of "government" to outlaw alternate barter
or rebellion against inevitable private bank tyranny.
the purpose of the media is to keeep the populations hypnotized and
impressed with illusions of the stature of the imbeciles selected to
deliver them to the slaughter, varying degrees.
2012 - the year of massive limited hang outs.
anyone else smell something fishy concerning jim rickards latest
war with iran scenario? his premise " iran cannot have nuclear weapons, period."
and jumps right to the conclusion that this must end in war. maybe world war?
apparently he is convinced that iran is working on nuclear weapons, diplomacy
is now futile, so war is inevitable? someone spoke to him?
when it comes down to it people don't need money or gold or anything like it.
they need commodities, their word and good will. the utility of natural resources
unencumbered by tyranny. this is what the elite have and don't want to give
back to the rightful heir.

After watching these videos, it has become apparent if Ron Paul wins, his life expectancy wil be very short lived and he seems to be healthy.

As I have come to understand, there is truth and non truth in all things, yet these videos appear to be more truthful and no one with any intelligence can walk away from the unanswered questions of building #7 and assume it was what big brother wants us to believe.

The only thing that this will produce the world over is passive resistence and a black market for those who wish to survive. Living under the radar, so to speak.

They would like it to end in a humungous war, but can anyone think this world will be remotely the same after the nukes and biological weapons are unleashed?

It only took one bomb for Hiroshima and one for Nagasaki. Those bombs do not come close to the firepower that is available today.

Any civilized society which insists on making weapons of of mass destruction for mass population and infastruction annihalation when there are other ways and means of self defense is insane, as it is only a matter of time before innocents will feel the heat once they unleash these things.

Heavy dose to take those five videos! Show me a real piece of BS in someone's thesis and I would not trust the rest. Maybe a lot of it or indeed most of it is true, but the BIG BULL K-KA which I can spot is the AIDS not equal HIV. In Africa, most AIDS victims are women. The virus has different strains, spreads differently in different population pools, etc., etc. Being a physician well versed in infectious disease and AIDS as a big picture, his view on this topic is laughable, so I cannot trust anything else in all five videos.

Neddy Nelson: Have
you read that Kissinger report he's supposed to have submitted to the
National Security Council in 1974? The one where Henry Kissinger warns
that the greatest threat to the future of Americans is overpopulation in
Third World countries? How's it go? We need the minerals and natural
resources of Africa? Pretty quick now, those banana republics will fall
apart as their populations rise too high? The only way America can
protect its prosperity and political stability will be to depopulate the
Third World?